FieryTrading

🔥 PEPE Falling Wedge: Ideal Reversal Point

Long
FieryTrading Updated   
BINANCE:PEPEUSDT   PEPE / TetherUS
PEPE is one of the hottest tokens at the moment, which makes it a very attractive token to scout for potential entries.

PEPE has hit its first hourly oversold moment since it started trading on Binance. This has often been a great time to step into volatile tokens.

Furthermore, PEPE appears to be trading in some sort of falling wedge pattern, which is a bullish reversal pattern.

If BTC will stop dumping, I'm confident that PEPE will move towards the top resistance of the pattern, potentially even break out through it.
Comment:
RIP.
Comment:
4H oversold bounce happening as we speak. Could be a longer-term bottom, but we have to see.

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